3 OPTIMAL PRICING TO MAXIMIZE PROFITThe Calculus Canned Corn Company's production facility has a weekly overhead cost of $1000with a unit cost of producing each can of $0.66 plus the cost of the can itself (from part 2).1. Find the total cost C(D) in dollars of producing D cans of sauce.Cost of can 19 lo cents.2. Use previously-determined information to find C(p), the total cost in dollars to produceenough cans to satisfy demand when the price is p dollars. (That is, replace D with anexpression in terms of price.)3. Profit is the defined as Revenue minus Cost. Find the total profit P(p) in dollars as a functionof the unit price p in dollars. It is a good idea to use parentheses in order to avoid a signerror4. Use technology and calculus to determine the price at which profit is maximized and theprofit that will be attained. There are multiple correct methods. Explain/show your approachand results in the space below.

As you have asked multiple questions under a single question kindly resubmit the questions along…

The Calculus Canned Corn Company's production facility has a weekly overhead cost of $1000 with a unit cost of producing each can of $0.66 plus the cost of the cantself (from part 2). Cost of can 19 lecents 1. Find the total cost C(D) in dollars of producing D cans of sauce.

The Calculus Canned Corn Company's production facility has a weekly overhead cost of $1000 with a unit cost of producing each can of $0.66 plus the cost of the cantself (from part 2). Cost of can 19 lecents 1. Find the total cost C(D) in dollars of producing D cans of sauce.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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